EAGLE EXPRESS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
EAGLE EXPRESS
Largest movements
- Receivables within one year -€32,263
down €32,263 (-12.1%), from €266,510 to €234,247
of which Trade receivables: -€38,415
- Tangible fixed assets -€7,423
down €7,423 (-64.6%), from €11,497 to €4,073
- Cash +€6,557
up €6,557 (+255.9%), from €2,563 to €9,120
mainly Receivables within one year (+€32,263) and Net result for the year (+€31,884)
- Trade debts -€50,132
down €50,132 (-26.7%), from €187,822 to €137,690
- Profit (loss) carried forward +€31,884
up €31,884 (+79.2%), from €40,281 to €72,165
- Tax, wage and social debts -€14,130
down €14,130 (-25.6%), from €55,149 to €41,019
of which Remuneration and social security: -€17,765
- Staff costs -€34,711
no longer reported in 2025 (was €34,711)
- Gross operating margin -€19,748
down €19,748 (-28.1%), from €70,298 to €50,550
- Depreciation +€5,443
up €5,443 (+274.8%), from €1,981 to €7,423
- Taxes +€5,350
up €5,350 (+77.7%), from €6,887 to €12,238
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €301,845 | €269,467 | -€32,378 | -10.7% |
| Fixed assets | 21/28 | €22,997 | €15,573 | -€7,423 | -32.3% |
| Tangible fixed assets | 22/27 | €11,497 | €4,073 | -€7,423 | -64.6% |
| Furniture and vehicles | 24 | €11,497 | €4,073 | -€7,423 | -64.6% |
| Financial fixed assets | 28 | €11,500 | €11,500 | = | 0.0% |
| Current assets | 29/58 | €278,848 | €253,894 | -€24,954 | -8.9% |
| Stocks and contracts in progress | 3 | €9,775 | €9,775 | = | 0.0% |
| Stocks | 30/36 | €9,775 | €9,775 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €266,510 | €234,247 | -€32,263 | -12.1% |
| Trade receivables | 40 | €205,564 | €167,149 | -€38,415 | -18.7% |
| Other amounts receivable | 41 | €60,946 | €67,098 | +€6,151 | +10.1% |
| Cash at bank and in hand | 54/58 | €2,563 | €9,120 | +€6,557 | +255.9% |
| Deferred charges and accrued income | 490/1 | - | €752 | +€752 | |
| Total equity and liabilities | 10/49 | €301,845 | €269,467 | -€32,378 | -10.7% |
| Equity | 10/15 | €58,873 | €90,757 | +€31,884 | +54.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,281 | €72,165 | +€31,884 | +79.2% |
| Amounts payable | 17/49 | €242,971 | €178,709 | -€64,262 | -26.4% |
| Amounts payable within one year | 42/48 | €242,971 | €178,709 | -€64,262 | -26.4% |
| Trade debts | 44 | €187,822 | €137,690 | -€50,132 | -26.7% |
| Suppliers | 440/4 | €187,822 | €137,690 | -€50,132 | -26.7% |
| Taxes, remuneration and social security | 45 | €55,149 | €41,019 | -€14,130 | -25.6% |
| Taxes | 450/3 | €37,336 | €40,970 | +€3,634 | +9.7% |
| Remuneration and social security | 454/9 | €17,814 | €49 | -€17,765 | -99.7% |
| Remuneration, social security and pensions | 62 | €34,711 | - | -€34,711 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,981 | €7,423 | +€5,443 | +274.8% |
| Other operating charges | 640/8 | €367 | €833 | +€466 | +126.9% |
| Gross operating margin | 9900 | €70,298 | €50,550 | -€19,748 | -28.1% |
| Operating profit (loss) | 9901 | €33,238 | €42,293 | +€9,055 | +27.2% |
| Financial income | 75/76B | €1,442 | €1,985 | +€543 | +37.7% |
| Recurring financial income | 75 | €1,442 | €1,985 | +€543 | +37.7% |
| Financial charges | 65/66B | €321 | €157 | -€164 | -51.2% |
| Recurring financial charges | 65 | €321 | €157 | -€164 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €34,360 | €44,122 | +€9,762 | +28.4% |
| Income taxes | 67/77 | €6,887 | €12,238 | +€5,350 | +77.7% |
| Profit (loss) for the period | 9904 | €27,472 | €31,884 | +€4,412 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,472 | €31,884 | +€4,412 | +16.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.